NEW ESSAY - AUGUST 2000
Copyright 2000 - Reginald H. Howe
GOLD OR DROSS?
POLITICAL DERIVATIVES IN CAMPAIGN 2000
More than a century has passed since gold and money played a leading role in the rhetoric of a presidential campaign. At the Democratic convention of 1896, William Jennings Bryan won the presidential nomination with a speech dishonoring the deeply held monetary beliefs of Jefferson and Jackson, thundering to the other party: "You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold."
The "Gold Derivative Banking Crisis" document that the GATA delegation presented to the Speaker of the House, Denny Hastert, Dr. John Silvia, Chief Economist of the Senate Banking Committee, Alabama Congressman Spencer Bachus (Chairman of the Subcommittee on Domestic and International Monetary Policy) including six of his staff members and to every Congressional member of the House and Senate banking committees is now available.